A software update from cybersecurity firm CrowdStrike caused Microsoft Windows systems worldwide to crash, causing disruptions in multiple sectors including finance, healthcare, and transportation. Highlighting this as possibly the largest IT outage in history, the GAO has expressed concerns about IT vulnerabilities and poor cyber hygiene, emphasizing a need for more preventative measures. This incident highlights vulnerabilities similar to those seen in the 2019 SolarWinds attack. The GAO advocates for better management of the global supply chain against emerging threats.
Wall Street’s Leaders and Laggards of 2024
2024 was a mixed year for biopharma stocks, with the iShares Biotechnology ETF and SPDR S&P Biotech ETF experiencing small decreases. Federal Reserve decisions caused
